Morning Bell: Pictures of America’s Fiscal Nightmare

Mike Brownfield / June 21, 2011

There’s urgency in Washington to fix a problem that’s been a long time coming: America’s fast track to fiscal implosion. In The Heritage Foundation’s just-released, expanded 2011 Budget Chart Book, you can see just how bad the country’s spending problem is and how America racked up so much debt.

Congress is coming to grips with the need to enact reform, in part because there’s a new breed of Tea Party conservatives making their voices heard on Capitol Hill and also because the government has reached the legal limit on how much it can borrow. (more…)